Loading ...Lamont Cranston 14:02
(Mr.Copper) Jan 21, 14:27
Re Wall Street not looking good. This fits with my thinking. Assuming the Stock Market is a barometer for the economy, or a leading indicator. It has been my opinion that a serious recession stared before the March 00 sm peak.
Because of the sm collapse, (in ’00) the Fed pushed the interest rates down to 46 year lows (and created a real estate boom into 2008) which camouflaged the entire situation. All they did was put it off. The Novocain is wearing off now.
They were trying to fool Mother Nature, and the invisible hand at the same time. Similar to terminology “fake it in” used in a prototype model shop, (one piece job) that has to go through inspection, but the damn hole diameter is OUT of tolerances.
The procedure is called “fake it in”, to fool the inspector. 🙂
A simple example: A slightly over size hole? You put a ball bearing larger than the hole, on top, and put pressure on the ball, until only the EDGE of the hole gets smaller. 🙂
When the inspector checks the hole size, he gets fooled.
Regarding the US only, this is NOT a normal recession.
This is the end result of numerous US businesses that disappeared, and native industries that got transplanted to other countries throughout the “world community” via rigged currency exchange rates.
It’s like….If you smoke 3 packs a day, for 30 years, you can’t expect NOTHING to happen.
Well? It’s the same thing with the US economy. You can’t have thirty years of trade deficits, and expect NOTHING to happen. If our representatives didn’t know this, they are unqualified or paid off, or are wimps and got their arm twisted to comply. (deficits still going 13 years later 2018 from ’05)
I saw all this coming 30 years ago, and I’m not surprised it took so long to ripen, with all the “faking in” they’ve been doing all these decades, as the idiots gave away the store for the greater good?